Philippines: Central bank digital currency
Progress
Current status
adopted
26 Apr 2022 adopted
Scope
Implementers
Philippines
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Adopted pilot on Central Bank Digital Currency project
On 26 April 2022, the Philippino Central Bank announced the launch of its pilot wholesale central bank digital currency (CBDC). To promote the country's digital development, the project would test a CBDC for certain high-value transactions with a li…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central bank